ANNUAL REPORT 2009 - GAM Holding AG

5.5.3 2009 Long Term Incentive Plan (GAM Holding Ltd.)
In a special one-time decision to mark the independent listing of GAM Holding Ltd., the Board of Directors approved a long term incentive plan
which granted options over the Company’s shares to every officer and employee of the Group. The options were granted on 28 October 2009
with a strike price of CHF 12.28, the closing price on that day. The total number of shares over which options were granted was 30.27 million.
Consistent with the Company’s general approach that such plans align the interests of employees with those of the Company’s shareholders and
its ongoing development, the options will vest over three years and, save in certain limited circumstances (not including change of control
events), will only be exercisable at the end of this period. The Board of Directors has determined that equity settlement will be satisfied
principally by the purchase and use of treasury shares with the intention to limit dilution for shareholders to less than 5%.
GAM Holding Ltd. Annual Report 2009
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CORPORATE GOVERNANCE